(MENAFN) Two co-operation agreements have been signed between the Dubai Financial Services Authority (DFSA) and Hong Kong to enhance collaboration in financial technology (FinTech) innovation.

The bilateral agreements were signed with Hong Kong's Insurance Authority (IA) and the Hong Kong Monetary Authority (HKMA).

The authorities will co-operate on information sharing and referrals of innovative businesses under the terms of each agreement.

Moreover, the agreement with the HKMA extends to collaborating on joint innovation projects.

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